Henan Province-based Chinese steelmaker Anyang Iron and Steel Co. (Anyang Steel) has announced that on October 16 it will issue short-term bonds worth a total of RMB 1 billion ($0.16 billion) for a term of 365 days. This will be the steel producer's second short-term bond issue in the current year.
China Citic Bank (CCB) will be the lead underwriter for the bond issue.
China Chengxin International Credit Rating Co. has given the short-term bonds which will be issued a rating of A-1, while it has ranked the issuer's credit rating as AA- .